Hanjin withdraws transpacific capacity

Hanjin withdraws transpacific capacity    A Hanjin Shipping-operated CKYH Alliance transpacific service will see its capacity reduced in December, American Shipper affiliate ComPair Data reports.
   The CKYH's five-ship CAX service, which has a rotation of Qingdao, Shanghai, Gwangyang, Busan, Long Beach, Oakland, Busan and Qingdao, will see its average weekly capacity reduced 28 percent from 5,479 TEUs to 3,968 TEUs during December. Hanjin provides all five vessels on the service. Other CKYH members COSCO Container Lines, 'K' Line and Yang Ming take slots on the service.
   The service has also dropped calls in Ensenada, Mexico.
   Hanjin upgraded capacity on the CAX service in March — also adding a vessel so the service could be slow-steamed — so the capacity reduction seems a normal function of capacity withdrawal during the winter slack season.